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Take-Out Fried Chicken Market to Touch USD 10.52 billion at 5.50% CAGR by 2032

May 18, 2024 4:00 AM ET

Take-Out Fried Chicken Market to Touch USD 10.52 billion at 5.50% CAGR by 2032

Take-Out Fried Chicken Market was estimated to be worth USD 6.5 billion. According to projections, the take-out fried chicken market industry would expand at a compound annual growth rate (CAGR) of 5.50% from USD 6.85 billion in 2024 to USD 10.52 billion by 2032.

Within the larger fast-food sector, there is a market for take-out fried chicken, which focuses on providing ready-to-eat fried chicken. Because of the ease of takeout options, busy lifestyles, and shifting consumer preferences, this business has experienced rapid expansion. It includes a wide variety of competitors, each fighting for a piece of the fried chicken pie, from international fast-food franchises to neighborhood restaurants.

Key Players:

KFC, Bojangles OpCo LLC, McDonald’s Corporation, Genesis BBQ, Raising Cane’s USA LLC, Wingstop Restaurants Inc, Zaxby’s Franchising LLC, Wendy’s International

Drivers:

The market for fried chicken that is sold for takeout is growing due to several causes. First of all, the demand for fried chicken has increased due to changing dietary habits and a growing desire for rich, savory foods. Furthermore, take-out choices’ convenience complements the fast-paced lifestyles of contemporary customers, boosting sales in this market. Furthermore, the market has grown as a result of aggressive marketing tactics, menu innovations, and the expansion of delivery services.

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Restraints and Challenges:

Even with a bright future, the market for fried chicken to go has its share of difficulties. The growing market for fried meals is threatened by consumers searching out healthier substitutes due to health concerns about fried foods, such as obesity and heart disease. In addition, fierce rivalry between participants and volatile ingredient costs provide difficulties for companies in this market. Furthermore, many organizations may find it logistically difficult to ensure rapid delivery while upholding quality and consistency..

Opportunities:

Notwithstanding the difficulties, there are plenty of prospects in the market for fried chicken to go. Providing grilled or baked chicken variants would be one way to meet the increasing demand for healthier options. Furthermore, utilizing technology to improve the ordering and delivery process can provide you a competitive advantage. There are opportunities for market expansion through partnerships with meal delivery services and geographic expansion. Additionally, new development prospects might be unlocked by capitalizing on rising consumer trends like plant-based alternatives or ethnic cuisines.

Market Segmentation:

The take-out fried chicken market can be segmented based on various factors, including the type of establishment, chicken cuts offered, flavor profiles, and pricing tiers. Major players in the market include global fast-food chains such as KFC, Popeyes, and Chick-fil-A, as well as regional players and independent eateries. Chicken cuts range from traditional bone-in pieces to boneless tenders and wings, catering to diverse consumer preferences. Flavor profiles vary from classic southern-style seasoning to bold and spicy offerings, appealing to a wide audience.

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Regional Analysis:

The popularity of take-out fried chicken varies across regions, influenced by cultural preferences, culinary traditions, and economic factors. In North America, fried chicken holds a cherished place in the culinary landscape, with iconic chains and local joints serving up crispy delights. The Asia Pacific region, particularly countries like South Korea and Japan, has seen a surge in popularity of fried chicken, often served with unique sauces and accompaniments. Europe and Latin America also boast thriving fried chicken markets, with both global chains and local vendors catering to consumer demand.

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